Factory Jobs Are Booming Like It's The 1970s

[DudleySmith]

If costs increase 25% and revenues increase 25%, profits also increase 25%.

If they were only raising prices to reflect increased costs there would be no gains. They're just gouging.

 

[Lesh]

If costs increase 25% and revenues increase 25%, profits also increase 25%.

Que?

 

[Ray From Cleveland]

If they were increasing costs just to cover 'inflation' they wouldn't then be reporting record profits.

All this talk about record profits for these companies but I fail to see that in my sinking IRA. There may be a few but those are anomalies instead of the norm today.

 

[Ray From Cleveland]

Much more than that was "handed out" in the two years prior and THAT was on the Trump Admin

Yes it was when people were losing their jobs because of covid. But the first vaccine came out in December of 2020 and things only got better from there because a second one was soon behind it. By the time March 2021 came companies were looking for workers. There was absolutely no need for additional unemployment benefits from the feds, especially benefits that lasted six months. It was pure vote buying is all.

 

[Lastamender]

It's weird. None of the pseudocons are heaping praise on the President for this.

Unemployment is lower than it was during Trump's regime, and manufacturing is experiencing a rebound. Wasn't that something Trump and the rube herd used to crow and crow about, even though manufacturing didn't really increase that much on his watch?

Hmmmm...

All that aside, here's the thing about inflation. One definition is "too much money chasing too few goods". The Fed is fighting inflation by trying to burn up excess cash. But an even better way to fight inflation is to make more goods!

Factory Jobs Are Booming Like It’s the 1970s​

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Ever since American manufacturing entered a long stretch of automation and outsourcing in the late 1970s, every recession has led to the loss of factory jobs that never returned. But the recovery from the pandemic recession has been different: American manufacturers have now added enough jobs to regain all that they shed — and then some.

[snip]

Covid-19 crimped global supply chains, making domestic manufacturing more attractive to some companies. Federal stimulus spending helped to power a shift in Americans’ buying habits away from services like travel and restaurants and toward goods like cars and sofas, helping domestic factory production — and with it, job growth — to bounce back much faster than it did in the previous two recessions.

Treasury Secretary Janet L. Yellen said that the recovery of manufacturing jobs was a result of the unique nature of the recession, which was induced by the pandemic, and the robust federal response, including legislation like the $1.9 trillion American Rescue Plan of 2021.

From the Democrats premier propaganda rag. Wrap a dead fish in it. A live fish wouldn't like it.

 

[Ray From Cleveland]

Yea...I'll bet natural gas was cheaper in 1995 too...dope

The point you obviously missed is that fuel costs (thanks to Dementia) played a good part in the increasing costs of our products and services, thus inflation.

 

[The Duke]

As fuel goes, so goes the prices of everything.

 

[Lesh]

The point you obviously missed is that fuel costs (thanks to Dementia) played a good part in the increasing costs of our products and services, thus inflation.

We’ll gas prices are dropping so that’s good huh?

 

[Lesh]

All this talk about record profits for these companies but I fail to see that in my sinking IRA. There may be a few but those are anomalies instead of the norm today.

Oh well. They’re screwing you and you ask for more

 

[initforme]

Who in their right mind wants to work in a factory? Good God no thank you.

 

[The Duke]

We’ll gas prices are dropping so that’s good huh?

Until right after the midterms.

 

[Toddsterpatriot]

The United States and European Union are the two largest economies globally in nominal terms. As of 2021, both together share 42.4% and 30.7% of the entire global GDP in nominal and PPP terms, respectively.
Comparing United States and European Union by Economy - StatisticsTimes.com

both together share 42.4%

Yeah, big difference there.

 

[Toddsterpatriot]

Yes it is;

Nope. Profits earned overseas do not count toward US GDP. Never have.

financial services provided here are most certainly counted here.

Big difference between services provided here and services provided there.

 

[Toddsterpatriot]

If they were only raising prices to reflect increased costs there would be no gains. They're just gouging.

If they were only raising prices to reflect increased costs there would be no gains

I just showed you the math. Was it too complex for you?

 

[Toddsterpatriot]

Que?

JFC.

COGS $80 Revenue $100. Profit $20

Bidenflation of 25%.

COGS $100 Revenue $125. Profit $25

 

[Lesh]

Who in their right mind wants to work in a factory? Good God no thank you.

Pays better than Micky Ds

 

[Lesh]

JFC.

COGS $80 Revenue $100. Profit $20

Bidenflation of 25%.

COGS $100 Revenue $125. Profit $25

That’s not what you said before dumbshit.Glad you figure it out

 

[Toddsterpatriot]

That’s not what you said before dumbshit.Glad you figure it out

Sure was, fucktard.

 

[Ray From Cleveland]

Oh well. They’re screwing you and you ask for more

Must be screwing most people since most peoples IRA is hurting just like mine.

 

[Ray From Cleveland]

We’ll gas prices are dropping so that’s good huh?

From what I've read they are going back up. But they are still twice the price as when Trump left the White House.